Tuesday, September 04, 2012

OWN Network Set to Turn a Profit


After a rocky start Oprah Winfrey's OWN Network is set to turn a profit...

From The New York Post
Oprah Winfrey’s struggling cable network, OWN, could turn a profit by late 2013, according to Discovery officials.
Discovery was forced to more-than-double its initial investment in OWN to keep the flagging network afloat, according to The Wall Street Journal.
But Discovery CEO David Zaslav, citing ratings increases since last January, now says OWN should be profitable by the “back half” of 2013.